"In just two days, a 1500% surge!" MYX Finance's native token skyrockets to new heights, with funds in the crypto space frantically chasing narrative coins.
The native token of the perpetual contract DEX MYX Finance, $MYX, has seen explosive price increases. According to CoinGecko data, it surged over 1500% in just 48 hours since the day before yesterday, reaching an all-time high of $1.76.
According to public information, MYX originally planned to conduct a token unlock on August 6, accounting for about 4% of the total supply (approximately 40 million tokens). In the crypto market, token unlocks are often viewed as a source of short-term price pressure. Prior to the unlock, project teams may inflate prices in a "pump and dump" market expectation operation.
This round of price increase is not directly driven by compensation, but today @MYX_Finance officially announced the "third phase of compensation" for early BMYX holders, which will be distributed in USDT stablecoins, emphasizing the commitment to cash out to users. This announcement has been interpreted by some in the market as a signal of the project's ability to fulfill commitments and stable cash flow.
Do IDOs in the BNB ecosystem need to be laid out?!
MYX is one of the protocols deployed on BSC, and recently there has been a wave of "small-cap exchange token rotation" in the BSC ecosystem, including DEXs and derivatives protocols showing unusual volume. Observers believe that MYX's surge is part of this round of "narrative rotation," benefiting from the trend of funds seeking low-cap narrative targets.
Show original
10.05K
4
The content on this page is provided by third parties. Unless otherwise stated, OKX TR is not the author of the cited article(s) and does not claim any copyright in the materials. The content is provided for informational purposes only and does not represent the views of OKX TR. It is not intended to be an endorsement of any kind and should not be considered investment advice or a solicitation to buy or sell digital assets. To the extent generative AI is utilized to provide summaries or other information, such AI generated content may be inaccurate or inconsistent. Please read the linked article for more details and information. OKX TR is not responsible for content hosted on third party sites. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition.